The failure of the Black and White wealth gap to narrow since the 1980s can in large part be attributed to the types of assets that make up each group’s holdings. Black households hold nearly two-thirds of their wealth in housing and very little of it in stocks,
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nvesting in the stock market teaches investments basics. Your lessons learned transfer to other types of investments. The fundamentals to good stock investing are like different types of investing, such as real estate, bonds, precious metals, etc.
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You and I want to invest in companies whose shares are going up. To increase your odds of your shares increasing, analyze a company’s risk profile, otherwise you are GAMBLING NOT INVESTING. Just like school, investing requires homework. You likely spent months or years to save enough money to invest. Take the time analyzing individual companies to pick the best stocks to invest your hard-earned money.
Read MoreINCREASING FINANCIAL LITERACY, INVESTING IN STOCKS AND ACHIEVING FINANCIAL FREEDOM.
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{Continuation from last week’s blog:} WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/} Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking. Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...
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Have you heard of the “Rule of 72”? This simple rule helps your HARD-EARNED MONEY grow! The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return. The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account? ...
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Every successful individual regardless of the field, did so by outworking the competition.
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I write my annual goals each January, including Net-Worth target. When I started calculating and setting an annual net-worth target, I took better control of my wealth creation. Calculating your 2019 December, net-worth is like taking a picture of a house you are rehabbing. From that picture you determine the improvements you plan to work towards for the next 12 months THREE KEY REASONS Net - worth is the most ...
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To accumulate wealth - YOU MUST WORK FOR IT.
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WITHOUT ANY DOUBT THE BEST GET RICH PLAN IN TWO SIMPLE STEPS!
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